Record Inflation and What’s Next (with Larry Summers)

Our pocketbooks are reeling from May's 40-year high inflation, and price gains don’t seem to be easing. Former Treasury Secretary Larry Summers saw this coming last year, when he predicted inflation would become a big problem in the U.S. What's his money on now? Andy asks Larry to make predictions about how the federal government’s attempt to lower inflation by raising federal interest rates could impact the price of gas, our jobs, home values, and retirement accounts. Larry has an answer. Keep up with Andy on Twitter @ASlavitt. Follow Larry Summers on Twitter @LHSummers. Joining Lemonada Premium is a great way to support our show and get bonus content. Subscribe today at bit.ly/lemonadapremium.    Support the show by checking out our sponsors! Click this link for a list of current sponsors and discount codes for this show and all Lemonada shows: https://lemonadamedia.com/sponsors/    Check out these resources from today’s episode:  Find vaccines, masks, testing, treatments, and other resources in your community: https://www.covid.gov/ Order Andy’s book, “Preventable: The Inside Story of How Leadership Failures, Politics, and Selfishness Doomed the U.S. Coronavirus Response”: https://us.macmillan.com/books/9781250770165  Stay up to date with us on Twitter, Facebook, and Instagram at @LemonadaMedia.  For additional resources, information, and a transcript of the episode, visit lemonadamedia.com/show/inthebubble. See omnystudio.com/listener for privacy information. Learn more about your ad choices. Visit megaphone.fm/adchoices